The Fed and its Head – Jerome Powell – have mandates to ”promote stable prices” and “maximum employment” and to ensure a “healthy economy”. However, Powell’s recent radical and consistent rate hikes are destroying the economy, increasing US debt interest payments and eliminating working Americans’ life savings.

The Federal Reserve states on their website that two of its functions are to conduct monetary policy and promote financial system stability. But the Fed is currently not sticking to its mandates – Just look at the Fed’s rate increases this century and since President Trump won the 2016 election. The Fed lowered interest rates to 0% for the Obama Administration and kept these rates at 0% for the first 7 years of Obama’s time in office. […]